Tavelin depreciates on a straight-line basis over the lease term (5 years, shorter than the useful life) a right-of-use asset with a cost of 200,000. After 2 years of depreciation, the lease liability is remeasured upwards by 15,000 (given amount, resulting from a revision of the lease payments). Case assumption: Tavelin allocates the new carrying amount on a straight-line basis over the 3 remaining years. Compute the carrying amount of the right-of-use asset after the adjustment and the depreciation charge for year 3.
- Cost of the right-of-use asset
- 200,000
- Lease term
- 5
- Period already depreciated
- 2
- Upward remeasurement of the lease liability
- 15,000